Sega Sammy Holdings announced today that they would be closing their San Francisco offices as part of a company restructuring plan. According to the company, the office will be moved to Southern California this summer to reduce operating expenses.
Sega is soliciting employees for “voluntary retirement” as part of the restructuring plan. The move is expected to impact around 120 jobs in San Francisco alone. Sega is seeking to eliminate 300 positions across the entire company by the end of March 2015.
Sega says that it will refocus its efforts on digital and mobile games. The company plans to “narrow down [its] product lineup and withdraw or consolidate and downsize some of the services.”